- A. 1 and 2 only
- B. 2 only
- C. 3 only
- D. 1, 2 and 3
Answer: B
Explanation
Bilateral trade between India and Sri Lanka has increased by around 9 times between 2000-01 and 2018-19. Total trade between the two countries was US$ 6.2 billion in 2018-19, out of which India’s exports to Sri Lanka were US$ 4.7 billion and imports were US$ 1.5 billion. Although India has always had a trade surplus with Sri Lanka, the gas has widened since 2008-09. In 2012-13 and 2016-17 the trade slumped, thus disturbing the steady increase in the graph. Hence statement 1 is not correct. Bangladesh is India’s biggest trade partner in South Asia. Bilateral trade between India and Bangladesh has grown steadily over the last decade. India’s exports to Bangladesh in FY 2018-19 stood at $9.21 billion and imports during the same period was at $1.04 billion. Hence statement 3 is not correct. According to the World Bank, India exports $2.25 billion-worth textile and clothing products to Bangladesh. In turn, it imports $336 million-worth textile and clothing products from Dhaka. Hence statement 2 is correct.